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EFGO worthy of a $25,000 wager, imo
My thoughts are realistic at this point.
We trade on good news, and over the next 3 months we will move from .0002 to .0012. 6x return.
IF they can move us to a better exchange we could get as high as .0030. 15x return.
I'll wait.
Way to go management team ---- build it all out, and in a year sell it for 5 to 10 cents per share. I'll wait.
Chinese Paypal??? - holy crap!
only up 37.5% --- bye-bye Roger get well soon!
symbol is smkm.pk Roger's other activity....
Wonder if Roger will resign from Smart Truck too?
Form 8-K for SMART TRUCK SYSTEMS INC
--------------------------------------------------------------------------------
30-Nov-2006
Changes in Control or Registrant, Change in Directors or Principal Office
Item 5.01 Changes in Control of Registrant
On November 26, 2006 Roger Pawson purchased 100,000 shares of preferred A stock of the company in exchange for assuming all the debt and liabilities of the company. Roger Pawson has control by the fact that on September 15, 2006 the company designated a preferred class A stock which calls for one share of preferred A is equal to 60 shares of common. Therefore on November 26, 2006 Roger Pawson had control of 6,000,000 voting shares of the 9,639,951 out standing.
On November 26, 2006 Robert L. Cashman an individual and on behalf of Hallmark Venture Group collectively gave up control by canceling 3,950,000 shares in exchange for an option to purchase at a future date $4,000,000 dollars worth of shares valued at 50% of the average market price for $.001 per share. Therefore on November 26, 2006 Roger Pawson had voting securities of the company in the amount of 6,000,000 out of the total of 12,367,107.
The agreement called for Roger Pawson to elect a majority of the Board of Directors.
You are right!!!! .009 Wed, .012 Thurs
NBA playoffs, MLB is back --- all good for CCNG
"Larry the Auditor guy" could not git 'er done....headed to .00001 What a waste. In my opinion management should be held personally accountable.
As I asked in a post last week:
Posted by: PennyMaven
In reply to: JT97TJ who wrote msg# 13697 Date:3/29/2007 5:04:33 PM
Post #of 13798
If you were their auditor would you sign their 10k?
Now we have a stunning answer:
The Registrant is unable to file, without unreasonable effort and expense,
its Form 10-KSB Annual Report for the period ended December 31, 2006 because
its audited financial statements for that period have not been completed
and its Auditor, Larry Scharfman, has resigned as the Company's auditor. The
Company has not yet been able to engage an Auditor to replace Larry
Scharfman.
Oh the statements will be late all right...VERY late. They haven't been completed yet and they don't have an auditor.
Wow!
We've all lost our shirts on this one already....
If you were their auditor would you sign their 10k?
It would take a lot of work (and some significant adjustments to their Balance Sheet) before I could sign it AND I would have to consider whether they have weak internal controls AND whether there is a going concern disclosure needed.
It all takes time .... not a chance in heck they file it tomorrow! If they do I will run shirtless through my office with "CALBAY FILED ON TIME" written on my bare chest.
PM
Can someone call the trasnfer agent and post the current share count???? I'd do it, but I have 7 holes left to play.
Could this company be worth $9 million in the long term?
I think so.
$9 million/ 90 million shares = 10 cents
Easy.
Long Term Target --- .1
Medium Term Target --- .01
Short Term Target --- .0025
Looks like we're ready to run --- gla.
What a close .... better than sex....
Can we make it to 100% gain for the day....everybody push!!!
No one can promise 10 cents, but in my opinion it's worth over 20 cents.
It could be CalBay on the bid --- but they have to stop buying at 3:30pm.
They can't buy in the first 30 or last 30 minutes of the trading day, nor can they be greater than 25% of the day's volume. (not a problem today, that's for sure)
We're going much higher!
Any Stonewall news????
While we're waiting for CBAY to hit zero, still time to buy CHNW.
.0013 (and climbing....) Yippee!
Geez, aren't we out of stock available at .0005 yet?
Move that bus! AND Push that Ask!
Good things happening at CCNG
Is CBAY public or private?
No press release since Feb 20.
They had a conference call on Feb 16 to confirm some terrible news that should have been made public long before that date (and yet they haven't 8k'd the information from that call).
They really run this like a private club. Why don't they go ahead and take it private --- they can have my shares for 10 cents each.
In my opinion it's down to fraud or stupidity. Nobody could be that stupid? Oh wait, I was because I bought this stock. Sorry guys, I was very bullish and have been totally let down by management.
That's why I shifted my focus over to CHNW after the Feb 16 conference call debacle here at CBAY.
Ugh.
I hope you are right, why do you think we'll pop? What is the news that takes us higher???
Only 3 business days in February left --- he must be pretty confident we'll launch next week.
"We are continuing to target the launch of our Beta test Forex website to be up and running by the end of February. This continues to be our highest priority new product, as we enter the retail Forex trading marketplace which is experiencing geometric growth rates with a product that will target active 'day traders' by offering a true flow-through data feed directly off the Interbank quotation service. We are aiming at having this new site launched in concert with the fully operational Forex platform."
PR or no, my target is 3 cents --- feel pretty good about it.
Cash Now is still on target to launch the Beta test version of its Forex trading website toward the end of February. (From last Friday's PR)
Tomorrow is Feb 23 --- Wednesday is Feb 28 ---- any day now....
Time to move on --- try CCNG or CHNW --- but pull the plug on CBAY in my opinion.
Just too painful....
CBAY offering LA appraiser 250,000 shares in lieu of cash.
In a "naked" short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period. 3 As a result, the seller fails to deliver securities to the buyer when delivery is due (known as a "failure to deliver" or "fail").
Failures to deliver may result from either a short or a long sale. There may be legitimate reasons for a failure to deliver. For example, human or mechanical errors or processing delays can result from transferring securities in physical certificate rather than book-entry form, thus causing a failure to deliver on a long sale within the normal three-day settlement period. A fail may also result from naked short selling. For example, market makers who sell short thinly traded, illiquid stock in response to customer demand may encounter difficulty in obtaining securities when the time for delivery arrives.
Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain circumstances, naked short selling contributes to market liquidity. For example, broker-dealers that make a market in a security4 generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks such as securities quoted on the OTC Bulletin Board,5 as there may be few shares available to purchase or borrow at a given time.
Looking on internet for examples of companies who have done it.
One fragment reads as follows:
By also performing mandatory share certificate swaps with a new issuer's CUSIP ... you can force naked and non-naked shorts to have to cover their positions. ...
Interesting tactic --- so does this FORCE shorts to cover?
On the Stonewall Note --- we may want to drop the case and instead try to convince the court that Roger is the father of Anna Nichol's baby. Probably an easier case to win...
And another thing, it bugged me that they hired British actor Michael Caine to read the conference call text. Why not have Roger read it himself?
In my opinion there have been violations that will result in lawsuits against the company and Roger & Tim personally. (I hope they have good D&O insurance.)
It took until FEBRUARY 16 for the Company to verify the following material facts:
1. Court had ruled against CBAY on the Stonewall Note. This happened in early January? Looking at the chart someone knew, but the majority of us did not.
2. Financing (and the deal) fell apart for the LA purchase. Not necessarily a bad thing in the long run, but something that should have been disclosed before the 16th. Why do I have to get this information from message boards and on-line news sources?
3. Financing (and the deal) fell apart for the additional 30 Las Vegas homes. That came out of no where.
In addition we still have no clear details on the Cobbs Homes separation, other than they will be sharing our office until the end of February.
Aspen deal still not closed? Why not? Is this an "arms length" transaction?
Refinancing underway? Under what terms?
Rumors of a foreclosure? No mention in the cc, despite court documents.
The conference call accomplished nothing other than disclosing items that were long overdue.
They disclaimed future looking statments, but didn't make any.
They said they were "considering options" to improve the stock price. Why not list some of the options they are considering?
1. Stock buyback?
2. Fixing the Prfd A?
3. Reverse split? Heaven forbid.
4. Taking the company private through some sort of private equity dutch auction? I;ve lowered my price, I'll now take 20 cents per share.
C'mon guys, you've disclaimed, so give us some hint as to what you are thinking!!! Idiots.
I was a big bull on CBAY, but feel I was duped by lack of disclosure. Other financing sources must feel the same way...
10K??? May never be published. Think about it, what auditor will sign off unless the Stonewall Note is reversed, all of the deal details are fully disclosed, etc. And likely a going concern opinion get attached as well. Roger will never agree to any of it. Amazed the last Q got filed.
What am I missing here? This is crazy!